What if the next big story in finance isn’t about a single stock but the silent surge of a diverse group of S&P 500 members quietly rewriting market records?
On Thursday’s trading day, 38 S&P 500 members reached new 52-week highs, CNBC pointed out. Notably, many of them reached heights not reached in decades, or even since their initial public offerings. From banking giants like Citigroup (NYSE:C) to defense titans and even beauty stores, this disparate group heralds more than stock-specific breakthroughs. It’s working quietly to boost several ETFs with high concentrations of these soaring stocks.
